There are no shortages of silver or gold. Some European countries sold some reserves which affected prices and they haven’t replaced it because of uncertainty over tariffs. There is no clear information about how precious metals will be affected by tariffs, if at all. Uncertainty on multiple global levels is pushing metals prices up. American refiners are overwhelmed with companies wanting to refine large quantities of silver scrap and silver coins to put it into a more uniform medium such as bars or rounds. There’s a backlog of that work. Yes, the U.S. dollar is under some stress but the sky is not falling. This is a simplified version- it’s not a simple situation. Information coming out of China is generally unreliable.
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Looks like the metals adjustment I thought would happen is here.
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Some price stability in the market would be a blessing going forward, but the 1,5, and 10 year trend lines don‘t look good for that prospect in the long term.
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back up over 53.00 again
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Silver just closed above $57 per ounce on the international market.
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International silver over $58 per ounce and gold is headed to $4300. Not sure if it’s a response to China outlawing cryptocurrency or something the US said.
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Carry Trade Unwinds → Gold & Silver Usually Surge. Japanese interest rates are rising.
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Just checked Rio Grande’s prices for milled sterling sheet. 1 Troy ounce of sterling sheet is a whopping $79 today. This is price craftspeople are paying the supply house. Rio is charging a whopping $21 an ounce over spot price. As recently as January of 24’ we were still looking at $20 silver (which seemed high at the time). For perspective, silver is now trading at nearly three times that, and the supply house markup alone on milled sheet is $21.
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A $2 leap earlier today has brought it past $60 now.
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Jamie Diamond has cracked. JPMorgan has closed out its longstanding ~200 million ounce short position in paper silver futures (primarily on COMEX) between June and October 2025, reportedly freeing up capital to acquire physical silver. This has left the bank with zero net short contracts in silver futures for the first time in its history, effectively flipping it to a long position across both physical and paper markets.As of early December 2025, JPMorgan now holds over 750 million ounces of physical silver—the largest stockpile globally, equivalent to roughly 9-10% of annual world mine production. In the last six weeks alone, it added 21 million ounces to its vaults, amid tightening physical supply
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those are all certainly words, but idk what any of it meant other than SILVER big expensive and SOMEONE’S hoarding it. 
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if you have 27 minutes and 32 seconds this video says the quiet part out loud.
https://www.youtube.com/watch?v=8M7gz22W0HE
“Yesterday, silver broke the banking cartel’s resistance at $60. Today, at $62.30, the physical supply chain officially snapped. Refineries have halted orders, wholesalers are canceling deliveries, and the silver market has entered a “Liquidity Nightmare.” The price is rising, but the metal is disappearing.”
We are now in the era of "Unobtanium”
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This is so sad in many ways. I can just imagine all the beautiful jewelry that will be melted down.
I also wonder what effect the rising silver market will do for the value of Sterling flatware and serving pieces?
My late fiancé (he died in 2014) collected sterling and .925 flatware, pitchers, bowls and serving plates.
I have some items, all marked Sterling or .925.
I also inherited my Great Grandma’s Sterling flatware set. Well, part of a set, as some pieces had been lost or were broken.
A quick internet search said that as of today, melt value for sterling/.925 silver flatware was extremely high. That cannot be right. Can it?
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source: http://coinapps.com/silver/scrap/calculator/
other melt value calculators: http://coinapps.com/
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Thank you for this info.
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This is a little scary…interesting video. Thanks
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Less then $1 before $70 atm and seems to be climbing still. I’ve got this feeling that it won’t come down anytime soon, although i guess anything could happen at any moment.
Sometimes i watch videos of “the pros” and they all make wild predictions for 2026. Also keep hearing how China (one of, if not the biggest exporter of silver) will stop, or at least heavily limit their silver export from Januari 1st. Exciting times but also cringe when i think about all of the beautiful and antique jewelry disappearing due to re-melting.
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A good portion of antique, artisan, and better sterling jewelry should retain value beyond higher silver prices due to the weight to value ratio. I think it will be more of the manufactured sterling flatware and holloware that will be melted. For example, a 45 ounce Sanborn’s pitcher has now far surpassed its retail collector value.
One must watch out for these speculators. If you notice, it’s mostly the self proclaimed middle to late middle aged men “experts” who are retail dealers in metals that are flooding the videos. And more and more Asian “experts” have thrown into the video stream. One head stated that refiners no longer accept sterling because the demand for silver has skyrocketed. Really? My refiner will accept all silver, hmm. I would like to hear more from reputable economists and the like although I’m under the impression that this is a new type of market and cannot be compared to anything previous.
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$70 Seems absolutely inevitable, and $100 is well within sight given the current trajectory. For artisans the cost per ounce for sterling at supply house pricing for milled sheet is already at or north of $90. When silver actually hits $100, artisans will be paying around $120. As @StevesTrail has pointed out, it’s well to bear in mind that most “experts” have their own agendas.
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